XRP vs. Bitcoin: Ripple CTO rejects issuer label, cites decentralization strengths
XRP does not have an issuer
Ripple's Chief Technology Officer, David Schwartz, has recently addressed ongoing debates surrounding the decentralization of the XRP Ledger (XRPL), asserting that XRP operates without a central issuer and emphasizing the ledger's decentralized nature.
This discussion has been further fueled by public figures like UFC champion Conor McGregor, who has expressed interest in the decentralization claims of various cryptocurrencies, including XRP.
Key takeaways
- XRPL Decentralization: Schwartz emphasizes that XRP was fully distributed at the ledger's inception, with no central authority controlling its issuance.
- Governance Structure: The XRPL operates on a consensus mechanism where validators must reach an 80% supermajority to implement changes, limiting any single entity's influence.
- Public Interest: Conor McGregor's inquiries into the decentralization of cryptocurrencies like XRP highlight a growing public interest in understanding the governance of digital assets.
XRP's decentralized framework
David Schwartz has clarified that XRP does not have an issuer, distinguishing it from other cryptocurrencies that may have centralized control over token distribution. He notes that all XRP tokens were created at the ledger's inception, and the XRPL's design ensures that no single entity, including Ripple, can unilaterally alter the network's state.
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The ledger's consensus protocol requires an 80% agreement among validators to implement changes, reinforcing its decentralized nature.
Public discourse on decentralization
The conversation around XRP's decentralization has been amplified by public figures like Conor McGregor, who has questioned the decentralization claims of various cryptocurrencies. His interest underscores a broader public curiosity about the governance structures of digital assets and their implications for financial systems.
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It is worth noting that XRP is now in a pullback phase, a normal technical retest of a trend line. This sets the stage for a powerful bullish phase of a high momentum move that could reach new all-time highs in the coming weeks.At the time of writing, XRP is trading near the $2.32 level.
XRP price dynamics (May 2025). Source: TradingView
As discussions about the decentralization of cryptocurrencies continue, Ripple's CTO David Schwartz remains steadfast in asserting the decentralized nature of the XRP Ledger.
Public figures like Conor McGregor engaging in these discussions indicate a growing mainstream interest in the governance and structure of digital assets. The ongoing debates are likely to influence public perception and regulatory approaches to cryptocurrencies in the future.
Read also: XRP ETF approval hopes grow despite SEC hurdles.
